Carney Liberals banking on feds’ housing push to back forestry sector

By Palak Mangat
Soo Today
October 30, 2025
Category: Business & Politics
Region: Canada East

The federal government says its housing agenda can “drive transformation” in the forestry sector as it continues to feel the squeeze of U.S. President Donald Trump’s trade war. That was among the messages relayed by Natural Resources Canada assistant deputy minister Glenn Hargrove to the House natural resources committee on Wednesday. Hargrove touted a $1.25 billion aid package for the sector unveiled by Prime Minister Mark Carney in August, noting $700 million of that, which will flow in loan guarantees through the Business Development Bank of Canada, will start to roll out this week. While there have been many pulp, paper, and sawmill closures across the country in recent years, Hargrove said the department sees a “huge opportunity” to “divert” Canadian products away from the U.S. and into the feds’ efforts to boost homebuilding. 

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